Global Exterior Insulation Market, By Type (Polymer-Based (PB), Polymer-Modified (PM)), Insulation Material (Expanded Polystyrene (EPS), Mineral Wool (MW), Others), Component (Adhesive, Insulation Board, Base Coat, Reinforcement, Finish Coat), End- User (Residential, Non- Residential) – Industry Trends and Forecast to 2029
Market Analysis and Size
Over the last few years, there has been immense growth in the construction industry. Additionally, there has been strong development within the wall cladding industries, which has largely favored the exterior insulation market. Furthermore, these technologies dramatically minimize energy usage, cutting the effective cost. These determinants contribute to the expansion of the exterior insulation and finish system market over the forecasted period.
Global Exterior Insulation Market was valued at USD 75.04 billion in 2021 and is expected to reach USD 158.42 billion by 2029, registering a CAGR of 9.79% during the forecast period of 2022-2029. The "polymer-based (PB)" accounts for the largest type segment in the exterior insulation market owing to its easy availability as well as the economical price. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Market Definition
Exterior Insulation is a non-load bearing building cladding system that employs an integrated composite material to provide an insulated, water-resistant finished surface on external walls. EIFS has been used throughout North America since the 1960s. It was originally used on masonry structures, but by the 1990s, many wood-framed projects in Europe were utilizing EIFS-like exterior wall systems.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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By Type (Polymer-Based (PB), Polymer-Modified (PM)), Insulation Material (Expanded Polystyrene (EPS), Mineral Wool (MW), Others), Component (Adhesive, Insulation Board, Base Coat, Reinforcement, Finish Coat), End- User (Residential, Non- Residential)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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BASF SE (Germany), Wacker Chemie AG (Germany), Saint-Gobain (France), Owens Corning (U.S.), Sto SE & Co KGaA (Germany), Master Wall (U.S.), Shingobee Builders, Inc. (U.S.), Dryvit (U.S.), Rmax (U.S.), Parex USA, Inc. (U.S.)., DUROCK ALFACING INTERNATIONAL LIMITED (Canada), Durabond Products Limited (Canada), Omega Products International (U.S.), Adex Systems Inc., (Canada), Johnson Controls, (Ireland), MUHU (China) Construction Materials Co., Ltd. (China) and Terraco Holdings Ltd. (UK)
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Market Opportunities
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Exterior Insulation Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Regulations Associated with Emissions
The factors such as the stringent regulations to reduce greenhouse gas emission along with the growing number of standards in building codes and lower carbon dioxide emissions of EIFS are estimated to accelerate the market growth over the forecasted period.
- Increasing Demand for Insulation
The surging demand for thermal insulation in residential and non-residential construction industry is estimated to carve a way for the growth of the market. They are also largely utilized across homes, apartments, corporate office parks, commercial units, government buildings, and condominiums, which are the major factors that also bolsters the market growth.
Furthermore, the reduction in energy consumption and its related cost will further propel the growth rate of exterior insulation market. Additionally, the growing adoption of energy-efficient homes will also drive market value growth. The increased focus towards using energy-efficient insulation technologies are projected to bolster the growth of the market.
Opportunities
- Initiatives and Introduction
Furthermore, the various government initiatives to promote adoption of energy efficient heating and cooling systems extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the introduction of polymer-based EIFS and polymer-modified EIFS will further expand the future growth of the exterior insulation market.
Restraints/Challenges
- Availability Of Green Insulation Material
The stone glass, plastic foam, glass wool, and other materials are used in the EIFS industry. Green insulation is utilized as an alternative to EIFS and is also environmentally friendly. As a result, the availability of green insulation material is estimated to create hindrances for the growth of the exterior insulation market.
- Installation Issues
Also, the installation problems that result in leakage will prove to be a demerit for the exterior insulation market. Therefore, this will challenge the exterior insulation market growth rate.
This exterior insulation market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the exterior insulation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Exterior Insulation Market
The emergence of coronavirus had a negative influence on the world economy, including direct effects on production and demand, supply chain disruption, and financial damage. The pandemic overall had an adverse impact on the exterior insulation market. COVID-19 has had a direct impact on the manufacturers' supply chain worldwide, and production facilities have been shut down to reduce the danger of viral transmission. Moreover, it affected the construction sector, which directly affects the market on a large level. Lockdown policies have also had a significant impact on new demand opportunities for the outside insulated finishing system. However, the construction industry's relaunch and additional reforms to improve output are projected to further reduce the COVID-19 impact on global demand and consumption of exterior insulated finishing systems.
Global Exterior Insulation Market Scope
The exterior insulation market is segmented on the basis of type, insulation material, component and end- user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Polymer-Based (PB)
- Polymer-Modified (PM)
Insulation Material
- Expanded Polystyrene (EPS)
- Mineral Wool (MW)
- Others
Component
- Adhesive
- Insulation Board
- Base Coat
- Reinforcement
- Finish Coat
End- User
- Residential
- Non- Residential
Exterior Insulation Market Regional Analysis/Insights
The exterior insulation market is analyzed and market size insights and trends are provided by country, type, insulation material, component and end- user as referenced above.
The countries covered in the exterior insulation market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the exterior insulation market because of the increasing construction of residential and commercial properties and the high demand for thermal insulation within the region. North America on the other hand, is estimated to show lucrative growth due to the implementation of various government initiatives and energy conservation within the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Exterior Insulation Market Share Analysis
The exterior insulation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to exterior insulation market.
Some of the major players operating in the exterior insulation market are
- BASF SE (Germany)
- Wacker Chemie AG (Germany)
- Saint-Gobain (France)
- Owens Corning (U.S.)
- Sto SE & Co KGaA (Germany)
- Master Wall (U.S.)
- Shingobee Builders, Inc. (U.S.)
- Dryvit (U.S.), Rmax (U.S.)
- Parex USA, Inc. (U.S.)
- DUROCK ALFACING INTERNATIONAL LIMITED (Canada)
- Durabond Products Limited (Canada)
- Omega Products International (U.S.)
- Adex Systems Inc., (Canada)
- Johnson Controls, (Ireland)
- MUHU (China) Construction Materials Co., Ltd. (China)
- Terraco Holdings Ltd. (UK).
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